Oil Imports At Record 4.83 Million Bpd, 4.2% More Than Previous Year Due To Maintenance Turnaround

Oil Imports At Record 4.83 Million Bpd, 4.2% More Than Previous Year Due To Maintenance Turnaround

“There was heavy maintenance at some refineries in July-August. All those refineries have come online, so naturally refiners will have to boost purchases to meet local demand,” said Senthil Kumaran, senior analyst at energy consultant FGE.

Maintenance turnaround at some refineries led to Indian Oil Corp deferring the shutdown of its 300,000 bpd coastal Paradip refinery to April-March.

During the first nine months of the year India’s oil imports rose 1.8 percent to about 4.4 million bpd, with most supplies coming from the Middle East, followed by Africa and Latin America. Read More…

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